From a technical analysis standpoint and fundamental economic struggles due to COVID-19, I conclude that this is where Gold is heading. By looking at support and resistance, trend lines, patterns, and past behavior, this is what my predicted trend line looks like.
based on the head and shoulders pattern that's forming along with candles closing below a trend line, i can say that if gold closes below the 1719 level then we should see a down trend and have confirmation to short until roughly 1700 area
Based off of trend lines and support/resistance, I believe oil to be a short soon
I believe Gold is destined to skyrocket as the economy continues to suffer from the COVID-19 pandemic. It seems clear to me that it's time to start buying.